Shanghai Wangsu Science & Technology Co. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Shanghai Wangsu Science & Technology Co. stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Shanghai Wangsu Science & Technology Co. stock price fell by -1.97% on the last day (Tuesday, 30th Apr 2024) from ¥9.65 to ¥9.46. During the last trading day the stock fluctuated 5.21% from a day low at ¥9.41 to a day high of ¥9.90. The price has been going up and down for this period, and there has been a 5.58% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 million shares and in total, 97 million shares were bought and sold for approximately ¥922.18 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.73% during the next 3 months and, with a 90% probability hold a price between ¥8.85 and ¥11.82 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300017.SZ Signals & Forecast
The Shanghai Wangsu Science & Technology Co. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥9.41 and ¥9.46. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -12.16%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Shanghai Wangsu Science & Technology Co. stock
Shanghai Wangsu Science & Technology Co. finds support from accumulated volume at ¥9.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.490 between high and low, or 5.21%. For the last week, the stock has had daily average volatility of 6.28%.
Our recommended stop-loss: ¥8.91 (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (300017.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Shanghai Wangsu Science & Technology Co. to open at ¥9.59, and during the day (based on 14 day Average True Range), to move between ¥8.85 and ¥10.07, which gives a possible trading interval of +/-¥0.606 (+/-6.41%) up or down from last closing price. If Shanghai Wangsu Science & Technology Co. takes out the full calculated possible swing range there will be an estimated 12.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥9.18 (2.96%) than the resistance at ¥9.99 (5.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Shanghai Wangsu Science & Technology Co. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0400. We will update the financials statements for Shanghai Wangsu Science & Technology Co., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.56% in the first trading day after earnings release.
Is Shanghai Wangsu Science & Technology Co. stock A Buy?
Shanghai Wangsu Science & Technology Co. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.320 Hold/Accumulate Downgraded
Predicted Opening Price for Shanghai Wangsu Science & Technology Co. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥9.59 ( 1.37%) | ¥9.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300017.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.08 | 6.55 % | |
| R2 | 9.89 | 4.58 % | ||
| R1 | 9.78 | 3.35 % | ||
| Current price: | 9.46 | |||
| Support | S1 | 9.40 | -0.604 % | |
| S2 | 9.29 | -1.83 % | ||
| S3 | 9.10 | -3.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.77 | 13.85 % | |
| R2 | 10.30 | 8.88 % | ||
| R1 | 9.99 | 5.60 % | ||
| Current price | 9.46 | |||
| Support | S1 | 9.18 | -2.96% | |
| S2 | 9.16 | -3.17% | ||
| S3 | 8.59 | -9.20% |
300017 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | ¥0.0500 | 0.611% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.0300 | 0.600% |
| 3 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | ¥0.0100 | 0.164% |
| 4 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | ¥0.0300 | 0.370% |
| 5 | Apr 24, 2019 | Apr 24, 2019 | Apr 24, 2019 | ¥0.0301 | 0.221% |
FAQ
Click here for our free guide on how to buy Shanghai Wangsu Science & Technology Co. Stock.
